Match Group (NASDAQ:MTCH) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Match Group (NASDAQ:MTCH) from a hold rating to a buy rating in a research note released on Saturday.

MTCH has been the subject of a number of other research reports. Morgan Stanley dropped their target price on shares of Match Group from $35.00 to $34.00 and set an “equal weight” rating for the company in a research report on Monday, October 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Match Group in a research note on Wednesday, October 8th. Susquehanna raised their target price on shares of Match Group from $40.00 to $45.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. UBS Group lifted their target price on shares of Match Group from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company decreased their price target on shares of Match Group from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the company. According to MarketBeat, Match Group currently has a consensus rating of “Hold” and an average price target of $35.50.

Match Group Trading Up 0.7%

Shares of MTCH traded up $0.22 during mid-day trading on Friday, reaching $32.87. The company had a trading volume of 3,872,778 shares, compared to its average volume of 4,585,074. Match Group has a fifty-two week low of $26.39 and a fifty-two week high of $39.20. The firm has a fifty day simple moving average of $34.82 and a 200-day simple moving average of $33.22. The stock has a market cap of $7.91 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 0.63 and a beta of 1.41.

Match Group (NASDAQ:MTCH) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.09). Match Group had a negative return on equity of 398.05% and a net margin of 15.59%.The firm had revenue of $914.28 million during the quarter, compared to analysts’ expectations of $882.09 million. During the same period last year, the business posted $0.51 earnings per share. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Match Group has set its Q4 2025 guidance at EPS. As a group, equities analysts predict that Match Group will post 2.44 EPS for the current fiscal year.

Match Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 21st. Investors of record on Tuesday, January 6th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, January 6th. This represents a $0.76 annualized dividend and a yield of 2.3%. Match Group’s payout ratio is 35.51%.

Insiders Place Their Bets

In other Match Group news, CAO Philip D. Eigenmann sold 6,531 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $37.52, for a total value of $245,043.12. Following the completion of the transaction, the chief accounting officer directly owned 23,240 shares of the company’s stock, valued at $871,964.80. This represents a 21.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ann Mcdaniel sold 5,423 shares of the firm’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $37.58, for a total value of $203,796.34. Following the sale, the director owned 21,926 shares of the company’s stock, valued at $823,979.08. This represents a 19.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.64% of the company’s stock.

Institutional Investors Weigh In On Match Group

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Match Group by 180.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 26,447 shares of the technology company’s stock worth $934,000 after buying an additional 17,019 shares in the last quarter. Syon Capital LLC bought a new stake in shares of Match Group in the 3rd quarter worth about $344,000. NEOS Investment Management LLC raised its stake in shares of Match Group by 35.0% in the 3rd quarter. NEOS Investment Management LLC now owns 31,485 shares of the technology company’s stock valued at $1,112,000 after purchasing an additional 8,162 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of Match Group by 327.7% during the third quarter. GSA Capital Partners LLP now owns 50,252 shares of the technology company’s stock worth $1,775,000 after purchasing an additional 38,502 shares during the last quarter. Finally, Rothschild Investment LLC lifted its position in shares of Match Group by 17,388.3% during the third quarter. Rothschild Investment LLC now owns 10,493 shares of the technology company’s stock worth $371,000 after purchasing an additional 10,433 shares during the last quarter. 94.05% of the stock is currently owned by hedge funds and other institutional investors.

Match Group Company Profile

Match Group, Inc engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide.